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Manila Bulletin devider devider India's Jet Airways buying additional 75 Boeing 737 Max jets

India's Jet Airways buying additional 75 Boeing 737 Max jets

Published Jun 26, 2018 12:00 am
By (Reuters) New Delhi – Jet Airways Ltd. said on Monday it has agreed with Boeing Co. to purchase 75 of its 737 MAX aircraft, as the Indian carrier expands to meet domestic passenger demand in the world's fastest-growing aviation market. Jet, India's biggest full-service carrier, said in a regulatory filing it had entered an agreement to buy the aircraft, but it did not say whether the agreement was a formal order or a non-binding memorandum of understanding. This is the third agreement Jet Airways has entered into for Boeing's 737 MAX narrow-body jets over the last one year, taking the total to 225 aircraft. The Indian airline signed firm orders for 75 planes each in October and April. Based on Boeing's list prices, the latest deal could be worth as much as $9.7 billion depending on which 737 MAX the airline chooses. Airlines usually get significant discounts from manufacturers though, bringing costs well below list prices.
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